johnshinal

"Fear is the mind-killer...I will turn and face my fear...When it passes I will remain" -- Frank Herbert in Dune.

Backstory: To help support local restaurants, SF Board of Supes' propose to stop cos. providing free worker lunches. Rationale: If Twitter's mid-Market tax break can't even help local eateries, its benefits aren't spreading beyond tech as promised. (Mtn. VIew also proposing same)

$GOOGL $AMZN & now $FB had huge valuation drops this year, akin to what happened to $INTC & $MSFT around peak of dotcom bubble. Now FB AND AMZN weak top-line guidance. If you had to bet on just 1 in the short-term, think $GOOGL But tech broadly overbought cnbc.com/2018/07/26/facebook…

CNBC's @eugenekim222 has the details on the Amazon Prime Day service issues. That $AMZN had to add servers manually and shut off international traffic for a while suggests its cloud auto-scaling feature didn't work properly. cnbc.com/2018/07/19/amazon-i…

In a reference to President Trump's immigration policies, new SF Mayor London Breed said in her inaugural speech that "We are gonna tell the President that in San Francisco we don't put children in cages, we put them in classrooms."

I'll be on KXSF 102.5 FM at 1:30 PT today talking about how new San Francisco Mayor London Breed's close ties to the tech industry will help shape her administration's policies.

Perhaps the most emotional moment of new SF Mayor London Breed's inaugural speech -- when she described asking her grandmother, who helped feed hungry neighbors, "We don't have much, why are you giving away what we have?" "Cuz one day, London, that could be us." "London Breed"

In a rousing speech, Breed said SF had "failed to build more housing," leading to "people on the streets who are struggling and in some cases dying in front of our eyes...We won't leave them out there to die." Says she will challenge NIMBY politics "London Breed" 2/3

London Breed, who grew up in San Francisco public housing & is now mayor of a city w/ 860,000 pepl, a budget of ~ $9B & a huge homeless problem, said in her inaugural speech that she "will build more housing, faster" & push to change conservatorship laws. "London Breed" 1/3

Better late than never: When Zuck said "Your Facebook won't be quite as good while it relearns your preferences," he zeroed in on the question $FB users now face w/ a 'Clear History' feature: How much privacy control will they trade for convenience sake? My guess: A lot. #f82018

Match Group shares are getting hammered right now on Mark Zuckerberg's announcement that Facebook is getting into online dating. $MTCH

Zuckerberg still has firm control of company. Class B share count fell to 497.5 mln from 533.6 mln in yr ended 3/31, per annual proxy. So even though he sold 18 mln Class B shares for > $1B, his proxy voting power went up to ~ 60% sec.gov/Archives/edgar/data/…

Facebook co-founder Dustin Moskowitz, who long ago gave Mark Zuckerberg proxy control of his Facebook shares, sold none in the 12 mos. ended 3/31. Along with buybacks, that lifted Zuck's voting power to 59.9% from 59.7%, even tho' Zuck sold massively. 1/2 sec.gov/Archives/edgar/data/…

Mark Zuckerberg's testimony also shows that he, Sheryl Sandberg and all the people they hired were NOT the most sophisticated people around in understanding the potential of THEIR OWN CREATION. (Just one reason people shouldn't trust elite idealists with their online data.) 2/2

Mark Zuckerberg's testimony suggests that Americans and their elected officials were as unaware of what Facebook did with their data as Facebook was of what certain Russians & the Trump campaign could do with it, once they got hold of it. 1/2

Whoops I mixed my Greek mythology metaphors in that previous tweet. Should've said Icarus, not Prometheus. Although Zuck clearly doesn't mind playing w/ fire

Zuck just said "Silicon Valley is a very left-leaning place" and that one of his tasks at Facebook is to "root out" such political bias. THAT'S INTERESTING!

Zuckerberg was offered a break in testimony, turned it down, said he could take a few more questions. Sen Blumenthal then showed him CA's terms of service, which -- if anyone at Facebook had read -- should've flagged their intentions. Prometheus can't help but flirt w/ the sun.

Ya think? Zuckerberg says "It's entirely possible" there was overlap between Facebook users whose data Cambridge Analytica purchased & those who saw Internet Research Agency content. Zuck says they're looking into it. THEY'RE 1-2 YEARS LATE TO THIS. IT'S WHY'S HE'S IN DC TODAY

Zuck just confirmed the special prosecutor's office interviewed someone at Facebook, then backtracked and declined to answer Sen. Leahy's question on the specifics of "that work," citing the confidentiality of Mueller's investigation.